RCFA (RCFA) Correlation Distribution
Across 6,078 rolling correlation observations between RCFA (RCFA) and other NASDAQ-listed stocks, 36% are positive and 64% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.17, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 14.7% and strong negative correlations (≤−0.7) for 25.8%.
- Total observations
- 6,078
- Mean correlation
- -0.17
- Most common range
- -0.9 to -0.8
- Positive pairs
- 36%
- Strong positive (≥0.7)
- 14.7%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 230 | 3.8% | |
| -0.9 to -0.8 | 670 | 11.0% | |
| -0.8 to -0.7 | 670 | 11.0% | |
| -0.7 to -0.6 | 512 | 8.4% | |
| -0.6 to -0.5 | 511 | 8.4% | |
| -0.5 to -0.4 | 325 | 5.3% | |
| -0.4 to -0.3 | 324 | 5.3% | |
| -0.3 to -0.2 | 230 | 3.8% | |
| -0.2 to -0.1 | 229 | 3.8% | |
| -0.1 to 0.0 | 189 | 3.1% | |
| 0.0 to 0.1 | 188 | 3.1% | |
| 0.1 to 0.2 | 163 | 2.7% | |
| 0.2 to 0.3 | 162 | 2.7% | |
| 0.3 to 0.4 | 164 | 2.7% | |
| 0.4 to 0.5 | 164 | 2.7% | |
| 0.5 to 0.6 | 228 | 3.8% | |
| 0.6 to 0.7 | 227 | 3.7% | |
| 0.7 to 0.8 | 322 | 5.3% | |
| 0.8 to 0.9 | 322 | 5.3% | |
| 0.9 to 1.0 | 248 | 4.1% |
Frequently asked questions
What is the average correlation of RCFA?
RCFA (RCFA) has an average correlation of about -0.17 with other NASDAQ stocks, based on 6,078 pairwise observations.
Is RCFA positively correlated with other stocks?
Not predominantly — 36% of pairs are positive and 64% are negative. Strong positive correlations (≥0.7) make up 14.7%.
What is the most common correlation range for RCFA?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 19.1% of all pairs.
Explore the full interactive correlation distribution for RCFA.
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